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, the man who served as secretary for bill clinton. robert reich. and grover norquist, president of americans for tax reform. we're coming right back. >>> welcome back. something that very possibly could come up tonight is governor romney floating the idea of capping tax deductions at $17,000. would that effectively be a tax increase? and would it work to bring down the deficit? with us now robert reich who served as labor secretary under bill clinton and grover nor qui quist. >> he's made that commitment as has paul ryan and certainly the vast majority of republicans in the house. which is a commitment not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class familie
of three debates. we have an all star panel tonight. former congressman rick lazio and former clinton white house aide keith boykin. and herman cain tells us what it's like to debate kevin madden. it's all about leadership and leadership means taking control of the conversation. that's just my advice. in an anemic overall economy, we've seen some positives in recent days. the ism services surprised on the up side today, 15 million car sales yesterday and of course stocks have been rising since a year ago today. the s&p is up 32%. so things can't be all that bad. how will the investor class vote in 34 days? but first up, both mitt romney and president obama are in their respective hotel rooms now. they're making final preparations for the big debate and cnbc's own john harwood joins us live with the details. good evening, john. >> good evening, larry. two hours from that debate we've gotten a reminder in the last 24 hours with a slew of polls of how high the stakes are in this debate. we forget sometimes because we talk about how mitt romney is down in the race but he's still got a chance. o
's not the way. it's all small ball stuff that. worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific versi
four years, given what he was handed in this, when you heard bill clinton say that, bill clinton has not said that before. >> i could have done better. you could have done better. i think anybody who wasn't ideologically driven could have done better. >> what would you have done? >> sorry? >> the meaningful steps. >> what wouldn't you have done. >> we need jobs so therefore -- and we need exports so therefore the first thing you do is have the nlrb attack the number one exporter in the country on really preposterous grounds, then you in effect start yelling at business and threatening business and then you get on the tv and talk about las vegas and all of a sudden the hotel business dies. i mean, the answer is that we need leadership, not criticism. we need encouragement not discouragement and until that scenario changes i think the united states is quote/unquote, i hate to use this word, in a malaise. >> is that a function of new laws and legislation or a function of rhetoric? >> first of all it's both, okay, in other words, we hope that it's new laws. the reality is, it isn't new l
clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that diversified over the past 20 years do make sure they had good portfolios in all the r
, and that makes it different this time because it's a lot of people still say -- you heard bill clinton, he put it in -- it's almost emblazoned now. >> four years ago, it deid feel different. >> now we are hearing that no one could have done better in job growth and that perception was supposedly different. we had people come in here that were thinking '80 was even worse. >> the new standard. we failed so this is good. >> the one thing that is helping the president is the rebound in home prices and the fact that i think -- because actually consumer sentiment is on the rise in the last couple of months. and i think a lot of that is that people are reading that home prices are getting better, they feel there's a turn in that market. and i think that's playing it, as well. the unemployment rate is still stubbornly high, but people don't feel all that bad and i think that's one of the reasons the stock market is doing well. >> the question is how many people are participating. >> front page article in the journal this morning is that despite the fact that we're sitting at a four year cycle high, we
of the clinton global initiative, the annual gathering of leaders and bold-faced names to address some of the globe's most challenging dilemmas. many in the developing world lack access to clean drinking water. ceo of the world's largest beverage company, coca cola, and the inventor of the segue let me in on their plans to quench that thirst. >> so many lives are lost every single day because of lack of access to clean drinking water. when you think of the numbers in the world today, maria, there are roughly one out of six people in the world today do not have access to clean drinking water. >> so this is enabling you to get that clean water to the people who don't have access to it? dean, how does it work? >> it works exactly like nature does. you know, you get the oceans are full of saltwater, but when it rains it rains clean water. because the energy of the son evaporates only the clean, pure water. puts it in the clouds, condenses, comes down as rain. distilled water. we built a small box that is so efficient at reclaiming all the energy after it centurily boils and distills the wa
given bill clinton's speech and given the bump in the polls and the right track/wrong track stuff has improved. people have sort of come around to thinking that maybe it was a tough four years for anyone. can romney ever make the case that it is still a really bad economy that we're under? this is the worst recession. can he make it without looking nasty? >> i think he's got to make it. i think he's got to get people to look down the road and see the train wreck that's coming. >> not the one we've already had. >> 1.1 trillion in deficits racking up every year. we can run about 200 and keep the debt of gdp constant. which means we have a $900 billion tax increase coming. there's only about $1 trillion of income taxes. these are enormous tax increases that have to come. the president has fought every spending cut that's come along. he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win
international sanctions for the country's devaluation, but hillary clinton says the government only has itself to blame. we also have results coming out of the spanish auction, as well. spain selling 210 million euros for the 2017 bond, the longer bond selling 1.9, just shy of 2 billion euros of the october 2015 bond, as well. the bid to cover on the 2014 coming in at 2. so up on that front. the 2015 auction bid to cover ratio, 2. bid to cover rising for that one, as well. just waiting for the average yields to come out which will come in just a moment's time, but the bid to cover also up two for the 2017, longer auction for spanish debt. bid to cover on the 2017 coming in at 2.5. and the last auction looking at a level of 2.1. so we've got a bid to cover up for each of those auctions. so we'll bring you the average yield just isn't we get it. in the meantime, let's just head out to julia and get reaction from the ground there. >> we're still waiting for the rates i can see, but just doing a mental calculation, just shy of the 4 billion. so in my estimates, that takes us to around 88% done now
president clinton that says that -- >> many thanks, nbc's pete williams. the justices are back at work, 37% of americans still have a negative view of the court and i think it's because the court unexpectedly played politics, feared left and sanctioned obama care, it's a 25-year high by the way on that unpopularity. chief justice roberts is going to steer the court left or right? what do you think robert costa on this point? does mr. justice roberts move back into his natural majority of conservatives? or is he going to play some more interesting games as he did with obama care? >> i think chief justice roberts can sew a big question mark into his robes. i have no idea after that obama care decision. i'm watching justice kennedy, he's the guy that's been flip-flopping right or left. >> this is interesting, on affirmative action t university of texas now is allocating racial quotas to be a tiny point of affirmative action. >> but they have lowered the amount that they have given to this racial point. to me that is exactly right. i just think that's sensible, not conservative or liberal. how
: hi, jim. boo-yah to you. >> i'll be there this weekend. clinton hill is coming back. go ahead. >> caller: we love you, jim. you do so much for us. >> thank you. >> caller: i want to know if i'm diversified. my first stock is target, second is sirius xm, third is clorox, fourth is disney and last is johnson & johnson. >> all right. let me go to work. the classic final station, 26 can't be beaten. sirius is entertainment. disney -- let's call it radio. that would conflict with disney. that's true entertainment. johnson & johnson, pharma. target one of the best retailers in the world. and clorox -- too much like johnson & johnson. this is tough. we are going to get rid of clorox and bring a little industrial in there. why don't we put in, yes, i don't mind saying it, ge, since it's one of the biggest positions in -- or you can do 3m. let's go to sandy in ohio. >> caller: boo-yah to you. calling to see if i am diversified. >> okay. >> caller: i've stocks are emc, procter & gamble, bristol-myers, conagra and votofone. >> high-yielding telco from europe. bristol-myers. conagra, what
hillary clinton says that the iranian government is to blame for the crash of that nation's currency, which has been plunging from economic sanctions over its nuclear program. that's sparking clashes in the streets of tehran right now where citizens are blaming iran's president mahmoud ahmadinejad, for the currency free fall. here are the details. >> iran's currency down 40% in a week, leading to those propests today in the grand bazaar. it's incredibly difficult to manage a business when the currency is shifting so rapidly in such a short period of time. riot police shut down the protest, also shut down the illegal, yet long tolerated, money changers in tehran. in january of 2011, one u.s. dollar cost 10,000 iranian rials. yesterday, 35,500. big change for one week. the tough economic sanctions mean almost no bank in the world will do business with iran. hence, the country can't sell its oil because no one will handle the transaction. it's led to an extreme shortage of dollars. sanctions also manke it difficut to import goods. they're in short supply. both those situations lead to m
. first he's got to find a way to dent the argument that bill clinton and barack obama made at the democratic convention about how president obama's done as well as anyone could do in turning the economy around the last four years. secondly, he's got to make a positive case with passion, with credibility for his own economic plans, for how he's going to make life better for 100% of americans. third, he's going to have to deal with that 47% video which has really taken a toll on his campaign. he's got to do all those things at the same time. we've seen the history of debates, tyler. it is not easy to fundamentally turn a race around but we have seen from our nbc/"wall street journal" poll that he's within three points nationally. still possible for him to win. got get going down. >> amman, there is some buzz about a plan that romney hs apparently floated for basically a $17,000 cap on tax deductions for americans. explain it. you've crunched the number. what's the headline here? >> tyler, the headline here is that the romney campaign e-mailed me this morning on this. they say
street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think they're certainly going to try. but in terms of their market, it will be highly diluted, so it depends on how well it goes down with investors. the stock should open up in about ten minutes time. we've had a couple brokers
. but second -- >> it reminded me of hillary clinton four years ago. i had forgotten that i thought hillary clinton won in all those debates. i picked up a lot of the same mannerisms and that was before he was in the office. and could say i'm not used to -- >> he apparently kicked john kerry's butt in all the preparation. well, i've got a plan-apparently he just wasted him. they had high expectations because he kicked john kerry's -- the other thing, john, i read a couple places that it was a drag preparing for this. the next between weeks are going to be -- when's the next debate? >> vice presidential debate is next thursday. and two weeks from now the presidential. >> next two weeks will be a complete drag. >> but one other point about the substance. because we still don't know how swing voters, the people who are still -- how they view the two side by side. it is possible in a country as polarized as ours to really get your side going and think you really kicked the other guy's behind and find that it doesn't move the needle all that much. and we have to see that. but the other thing was
clinton, then george w. bush, then barack obama. the fundamental decisions that businesses make particularly domestic businesses are driven really by what's going on with the consumer. and i think the only thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they would do that if they did get elected. nears no republican that ever has. i think ceos are focused on what the consumer is doing, what are their customers doing. and as jim cramer said a little earlier, i think between 23 and 27 minutes of the world's focus was on this last night. the people have moved on to more substantive topics now. >> so the bottom line is that it does not matter for a domestic business who gets elected? when it comes to the fundamental -- >> i think it does matter, but i think it matters because i think barack obama is the person who is most li
, but it was the greatest spectacle. i was on the edge of my seat. michael jordan was there. clinton called in. >> george bush was sitting next to michael jordan or near michael jordan. >> and 41 was there, too. >> yeah, my favorite was the tweet. they said, whatever, europe, go solve your debt crisis. >> yeah. >> that's kind of the sentiment. >> jack had talked earlier about the only thing that could get him away from football would have been the ryder cup. he saw probably every swing, too. >> i've had experiences myself with puts and stuff. and heart democratic break. so you have to feel like -- >> watching the reaction from both teams towards the end, they caught a couple in the "wall street journal." >> phil -- >> was that saturday? >> no, this was 17 after he would have -- justin rose hit that long put. phil can chip from behind the green on 17 and that would have won. that was -- >> tiger had one that almost went in. >> so that wasn't heartbreak there, he didn't know justin rose was going to hit a 30 footer and then win 18 either. what happened in homeland? explain to our viewers what it is. >> you
Search Results 0 to 17 of about 18 (some duplicates have been removed)